A man purchased a cell phone for rs 2000. buy paying 200 more, he replaces its body. if he sells the cell phone for rs 2500, find his profit or loss %
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Answer:
Profit =300Rs
Step-by-step explanation:
The man purchased the phone for rs 2000
He paid rs 200 for replacing the body
Total amount he paid = 2000+ 200
cost price = 2200
He sold the phone for rs 2500 = selling price
Profit = selling price - cost price
Profit = 2500 - 2200
Therefore profit = 300Rs
Profit percent = 100× profit \cost price
= 100× 300\ 2200
= 13.6 percent
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